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Credit Suisse, Silicon Valley Bank crises may upend deregulation plans amid fears of 2008 replay
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The collapse of two banks within days of each other is likely to pile pressure on the UK government's plans to tear up the City's rulebook, regulatory experts say.
The government is currently consulting on a host of measures to cut red tape across the Square Mile through its so-called Edinburgh Reforms. However, recent crises in the banking sector have left some questioning whether existing rules are tough enough as it stands to stop future collapses, and whether now is the right time to loosen the shackles on lenders.
Read more on fnlondon.comAbout this in other media
Silicon Valley Bank’s collapse will not be a one-off – a banking crisis was long overdue theguardian.com /1 year ago
Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue theguardian.com /1 year ago
Abrdn, Ares, Sequoia among over 5,900 private funds that used Silicon Valley Bank as a custodian fnlondon.com /1 year ago
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